NOTICE OF PUBLIC HEARING Pursuant to Article 18-A of NYS
NOTICE OF
PUBLIC HEARING
Pursuant to Article 18-A of NYS General Municipal Law, the County of Cattaraugus Industrial Development Agency (the “Agency”), will hold a public hearing on September 18, 2025 at 9:30 a.m. at the Village of Cattaraugus, 114 Main Street, Cattaraugus, New York 14719, regarding:
Daich Coatings Corp. and/or Individual(s) or Affiliate(s),
Subsidiary(ies), or Entity(ies) formed or to be formed on its behalf (the “Company”), has submitted an application to the Agency (a copy of which is on file at the office of the Agency) requesting the Agency to undertake a certain project (the “Project”) consisting of: (i) the acquisition by the Agency of a leasehold interest in a 3.5+/- parcel of land located at 261 S. Main Street,
Village of Cattaraugus, Town of New Albion, Cattaraugus County, New York, and all other lands in the County of Cattaraugus where, by license or easement or other agreement, the Company or its designees are making improvements that benefit the Project (the "Land") and the existing 59,632+/- square-foot building located thereon (the "Existing Improvements"); (ii) the renovation, reconstruction and refurbishment of the
Existing Improvements for use by the Company in
furtherance of the manufacture of natural, water-based non-toxic coasting systems to transform and protect concrete floors and walls (the "Improvements"); and (iii) the acquisition by the Company in and around the
Existing Improvements and Improvements of certain items of machinery, equipment and other tangible personal property (the "Equipment"; and, together with the Land, the
Existing Improvements, and the Improvements, the "Facility"). The Facility will be initially operated and/or managed by the Company.
The Agency will acquire a leasehold interest in the Facility and lease the Facility back to the Company. The Company will operate the Facility during the term of the lease. At the end of the lease term, the leasehold interest will be terminated. The Agency contemplates that it will provide financial assistance to the Company for qualifying portions of the Project in the form of sales and use tax exemption benefits and a mortgage recording tax exemption benefit consistent with the policies of the Agency, and real property tax
abatement benefits.
A representative of the Agency will be present at the above-stated time and place to present a copy of the Application and hear and accept written and oral comments from all persons with views in favor of or opposed to the proposed financial assistance. Additional information can be obtained from, and written comments may be addressed to: Corey R. Wiktor,
Executive Director, County of Cattaraugus Industrial Development Agency, 9 East Washington Street, P.O. Box 1749, Ellicottville, New York 14731; Telephone: 716-699-2005 and electronically at corey@cattcoida.com or Info@
cattcoida.com.
This public hearing is being conducted in accordance with Subdivision 2 of Section 859-a of the New York General Municipal Law.
County of
Cattaraugus
Industrial Development Agency